With the interests of both investors and sponsors in mind, this article discusses business
terms that are the subject of frequent negotiation between investors and closed-end private …

The focus of Part II of this article is on governance protections and other types of protections
that investors may seek. In particular, we consider a fund sponsor's ability to waive fiduciary …

In 1978 the Supreme Court held that state usury laws were preempted by the National Bank
Act and that out-of-state banks could charge credit card interest rates as high as permitted …

… Townsend also addressed the fact that the Commission’s proposal to broaden Regulation
D to allow tombstone style public advertisements under proposed Rule 507 similar to those …

This article addresses the winding up of a Delaware corporation by examining the fiduciary
duties of directors of a Delaware corporation contemplating such a winding up and the legal …

… Braendel holds a BA from Temple University, summa cum laude, and a JD from the … Braendel's
practice focuses on domestic and international private equity fund formation. Mr. Braendel …

… Addison Braendel is a principal at Baker & McKenzie LLP Mr. Braendel holds a BA from
Temple University, summa cum laude, and a JD from the University of Chicago. Mr. Braendel's …

On January 29, 2009, Senators Chuck Grassley and Carl Levin introduced the Hedge Fund
Transparency Act (Bill), a revised version of proposed legislation S. 1402 from 2007 that was …

… Please note that certain marketing and advertising restrictions … Such offers cannot be
accompanied by an "advertisement" … " for purposes of the marketing and advertising restrictions. …

Good drafting of fund documents and a solid understanding of how a fund’s economic terms
work may separate the winning funds from the losers. This article discusses nine important …